PRHYX vs. VSBSX
Compare and contrast key facts about T. Rowe Price High Yield Fund (PRHYX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX).
PRHYX is managed by T. Rowe Price. It was launched on Dec 31, 1984. VSBSX is managed by Vanguard. It was launched on Dec 28, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PRHYX or VSBSX.
Key characteristics
| PRHYX | VSBSX | |
|---|---|---|
| YTD Return | 6.52% | 3.37% |
| 1Y Return | 13.45% | 5.40% |
| 3Y Return (Ann) | 2.72% | 1.00% |
| 5Y Return (Ann) | 3.93% | 1.06% |
| 10Y Return (Ann) | 4.26% | 1.14% |
| Sharpe Ratio | 3.31 | 2.91 |
| Sortino Ratio | 6.01 | 4.63 |
| Omega Ratio | 1.91 | 1.65 |
| Calmar Ratio | 2.59 | 1.62 |
| Martin Ratio | 23.44 | 15.70 |
| Ulcer Index | 0.57% | 0.34% |
| Daily Std Dev | 4.07% | 1.86% |
| Max Drawdown | -30.82% | -6.54% |
| Current Drawdown | -0.11% | -0.88% |
Correlation
The correlation between PRHYX and VSBSX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PRHYX vs. VSBSX - Performance Comparison
In the year-to-date period, PRHYX achieves a 6.52% return, which is significantly higher than VSBSX's 3.37% return. Over the past 10 years, PRHYX has outperformed VSBSX with an annualized return of 4.26%, while VSBSX has yielded a comparatively lower 1.14% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PRHYX vs. VSBSX - Expense Ratio Comparison
PRHYX has a 0.70% expense ratio, which is higher than VSBSX's 0.07% expense ratio.
Risk-Adjusted Performance
PRHYX vs. VSBSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Yield Fund (PRHYX) and Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
PRHYX vs. VSBSX - Dividend Comparison
PRHYX's dividend yield for the trailing twelve months is around 6.45%, more than VSBSX's 4.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRHYX T. Rowe Price High Yield Fund | 6.45% | 6.29% | 6.13% | 5.08% | 5.19% | 5.49% | 6.26% | 5.49% | 5.73% | 6.46% | 6.39% | 6.11% |
VSBSX Vanguard Short-Term Treasury Index Fund Admiral Shares | 4.12% | 3.29% | 1.12% | 0.33% | 1.11% | 2.27% | 1.80% | 1.09% | 0.81% | 0.67% | 0.40% | 0.27% |
Drawdowns
PRHYX vs. VSBSX - Drawdown Comparison
The maximum PRHYX drawdown since its inception was -30.82%, which is greater than VSBSX's maximum drawdown of -6.54%. Use the drawdown chart below to compare losses from any high point for PRHYX and VSBSX. For additional features, visit the drawdowns tool.
Volatility
PRHYX vs. VSBSX - Volatility Comparison
T. Rowe Price High Yield Fund (PRHYX) has a higher volatility of 0.90% compared to Vanguard Short-Term Treasury Index Fund Admiral Shares (VSBSX) at 0.33%. This indicates that PRHYX's price experiences larger fluctuations and is considered to be riskier than VSBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.